Global and Indian companies have committed themselves to investing a total of about Rs 2 lakh crore and creating more than 50,000 jobs= in Gujarat. Business leaders lined up huge investment commitments, signing 31 memoranda of understanding (MoUs) at the Vibrant Gujarat Summit.
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UltraTech to acquire Jaypee cement units at Rs.5,400 crore
Kumar Mangalam Birla-led Aditya Birla Group´s flagship firm UltraTech Cement has decided to acquire two cement units of Jaiprakash Associates with a combined capacity of 4.9 million tonnes per annum in Madhya Pradesh for an enterprise value of Rs 5,400 crore.